On May 15, the New York-based credit rating agency revised Manitoba's credit outlook from positive, which means "may be improved," to stable, which means "not likely to change." The revised outlook did not change the province's A+ credit rating. Gillespie says S&P doesn't rank economic vulnerability per se, but credit ratings themselves are a relative ranking of how bond rating agencies view provinces' credit worthiness. DBRS Morningstar — one of the other agencies that rates Manitoba's credit — gives a similar assessment. Manitoba's debt rose quickly between the mid-2000s to though 2015, and since the [Progressive Conservative] government came in, debt ratios really stabilized," he said.
Source: CBC News May 22, 2020 09:56 UTC